§ 8031
54 words·~1 min read·
/ca/financial-code/8031A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The proportion of operating costs and expenses to be assessed against each association shall be determined and prescribed by the commissioner by regulation. The total amount assessed for all associations, together with any existing surplus, shall not exceed the amount of the budget for the ensuing fiscal year plus a reasonable reserve for contingencies.